If you were one of the people in the live broadcast the day before yesterday, then congratulations on catching the last train of the market decline, and the 4500-point pie space will be in your pocket. If you were not, then this rare opportunity will be missed.

In the current market environment, the uncertainty and downward trend faced by BTC have caused concerns among many investors. BTC has fallen to its lowest level since early 2023 and briefly regained the support of 26,000 yesterday. However, the overall market is still in a bear market trend, and long investors have suffered setbacks again.

Pessimism has dominated the market over the past few days, causing BTC to fall. The increase in selling pressure has led to a pullback and even caused $1 billion in derivatives trading liquidations, the largest liquidation event since the FTX debacle in 2022. This situation has caused investors to wonder whether BTC has bottomed out.

Some people have compared the current situation of BTC to the 1930 US dollar crash, emphasizing the factors related to the possibility of a reversal. Although there may be short-term opportunities for scalping, a cautious investment attitude and limited risk exposure in order to protect capital may be seen as a once-in-a-generation buying opportunity. However, it is still important to note that it is not yet confirmed whether Bitcoin B has bottomed out.

The BTC market is currently at a critical juncture, and the stability of the 25,000 support level will have an important impact on future trends. Although there is a possibility of continued decline, long positions need to work hard to defend the remaining support levels to avoid a continued decline for the rest of the year. Overall, the most important momentum in the market is changing, and bulls need to protect the existing support levels to avoid further declines.